Automatic Short Long Term Debt Total vs Total Current Liabilities Analysis

0HJI Stock   307.50  0.18  0.06%   
Automatic Data financial indicator trend analysis is way more than just evaluating Automatic Data Processing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Automatic Data Processing is a good investment. Please check the relationship between Automatic Data Short Long Term Debt Total and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Automatic Data Processing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Short Long Term Debt Total vs Total Current Liabilities

Short Long Term Debt Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Automatic Data Processing Short Long Term Debt Total account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Automatic Data's Short Long Term Debt Total and Total Current Liabilities is 0.81. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Automatic Data Processing, assuming nothing else is changed. The correlation between historical values of Automatic Data's Short Long Term Debt Total and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Automatic Data Processing are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Long Term Debt Total i.e., Automatic Data's Short Long Term Debt Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Short Long Term Debt Total

Total Current Liabilities

Total Current Liabilities is an item on Automatic Data balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Automatic Data Processing are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Automatic Data's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Automatic Data Processing current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Automatic Data Processing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to drop to about 713 M in 2024. Selling General Administrative is likely to drop to about 3.2 B in 2024
 2021 2022 2023 2024 (projected)
Total Revenue16.5B18.0B19.2B15.2B
Depreciation And Amortization515.1M549.3M561.9M440.4M

Automatic Data fundamental ratios Correlations

0.850.990.99-0.730.730.80.87-0.720.30.710.76-0.250.310.91-0.16-0.740.40.870.98-0.861.00.99-0.230.82-0.32
0.850.790.81-0.540.760.90.89-0.810.390.670.79-0.160.390.86-0.33-0.740.320.90.81-0.840.840.830.110.81-0.27
0.990.791.0-0.780.680.730.83-0.660.280.660.7-0.240.290.88-0.16-0.70.380.830.99-0.821.00.99-0.310.77-0.29
0.990.811.0-0.770.690.770.84-0.680.270.660.71-0.230.280.89-0.18-0.70.380.830.99-0.831.00.99-0.260.78-0.29
-0.73-0.54-0.78-0.77-0.39-0.45-0.580.45-0.37-0.3-0.390.2-0.38-0.560.410.66-0.3-0.66-0.760.7-0.77-0.760.42-0.460.31
0.730.760.680.69-0.390.760.86-0.790.160.820.80.150.160.850.07-0.70.290.760.65-0.80.720.67-0.170.91-0.26
0.80.90.730.77-0.450.760.84-0.81-0.010.720.79-0.01-0.020.83-0.16-0.720.30.740.76-0.80.780.760.250.82-0.29
0.870.890.830.84-0.580.860.84-0.860.290.870.94-0.010.290.98-0.07-0.810.490.880.79-0.940.860.81-0.080.95-0.4
-0.72-0.81-0.66-0.680.45-0.79-0.81-0.86-0.2-0.83-0.83-0.12-0.2-0.84-0.090.78-0.44-0.75-0.620.83-0.7-0.65-0.11-0.870.42
0.30.390.280.27-0.370.16-0.010.29-0.20.020.16-0.431.00.25-0.39-0.390.350.530.28-0.370.310.34-0.310.13-0.31
0.710.670.660.66-0.30.820.720.87-0.830.020.950.110.020.890.37-0.650.350.720.58-0.770.680.6-0.10.96-0.28
0.760.790.70.71-0.390.80.790.94-0.830.160.95-0.030.150.930.11-0.720.390.820.64-0.840.740.67-0.010.95-0.31
-0.25-0.16-0.24-0.230.20.15-0.01-0.01-0.12-0.430.11-0.03-0.43-0.070.270.22-0.31-0.27-0.290.14-0.24-0.30.050.060.29
0.310.390.290.28-0.380.16-0.020.29-0.21.00.020.15-0.430.24-0.39-0.390.350.530.28-0.370.320.34-0.320.13-0.31
0.910.860.880.89-0.560.850.830.98-0.840.250.890.93-0.070.240.0-0.770.470.870.84-0.910.90.86-0.10.96-0.35
-0.16-0.33-0.16-0.180.410.07-0.16-0.07-0.09-0.390.370.110.27-0.390.00.160.08-0.24-0.240.14-0.19-0.25-0.230.12-0.06
-0.74-0.74-0.7-0.70.66-0.7-0.72-0.810.78-0.39-0.65-0.720.22-0.39-0.770.16-0.66-0.78-0.680.96-0.73-0.710.07-0.740.73
0.40.320.380.38-0.30.290.30.49-0.440.350.350.39-0.310.350.470.08-0.660.280.35-0.620.380.38-0.070.33-0.95
0.870.90.830.83-0.660.760.740.88-0.750.530.720.82-0.270.530.87-0.24-0.780.280.81-0.870.880.84-0.170.84-0.25
0.980.810.990.99-0.760.650.760.79-0.620.280.580.64-0.290.280.84-0.24-0.680.350.81-0.790.991.0-0.230.72-0.28
-0.86-0.84-0.82-0.830.7-0.8-0.8-0.940.83-0.37-0.77-0.840.14-0.37-0.910.140.96-0.62-0.87-0.79-0.85-0.820.13-0.860.61
1.00.841.01.0-0.770.720.780.86-0.70.310.680.74-0.240.320.9-0.19-0.730.380.880.99-0.850.99-0.260.8-0.29
0.990.830.990.99-0.760.670.760.81-0.650.340.60.67-0.30.340.86-0.25-0.710.380.841.0-0.820.99-0.240.74-0.3
-0.230.11-0.31-0.260.42-0.170.25-0.08-0.11-0.31-0.1-0.010.05-0.32-0.1-0.230.07-0.07-0.17-0.230.13-0.26-0.24-0.080.04
0.820.810.770.78-0.460.910.820.95-0.870.130.960.950.060.130.960.12-0.740.330.840.72-0.860.80.74-0.08-0.26
-0.32-0.27-0.29-0.290.31-0.26-0.29-0.40.42-0.31-0.28-0.310.29-0.31-0.35-0.060.73-0.95-0.25-0.280.61-0.29-0.30.04-0.26
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Automatic Data Account Relationship Matchups

Automatic Data fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.2B48.8B63.1B51.0B54.4B47.2B
Short Long Term Debt Total2.5B3.4B3.6B3.5B3.8B2.5B
Other Current Liab28.7B37.6B54.6B42.2B44.3B37.3B
Total Current Liabilities30.1B38.1B55.2B42.8B45.1B38.1B
Total Stockholder Equity5.8B5.7B3.2B3.5B4.5B3.9B
Property Plant And Equipment Net1.2B1.1B1.1B1.1B1.1B978.9M
Net Debt549.6M871.2M2.2B1.5B885.2M929.5M
Retained Earnings18.4B19.5B20.7B22.1B23.6B19.0B
Accounts Payable102M141.1M110.2M96.8M100.6M107.8M
Cash1.9B2.6B1.4B2.1B2.9B2.4B
Non Current Assets Total7.6B8.0B8.3B8.8B8.8B7.3B
Non Currrent Assets Other2.8B3.3B3.2B3.6B4.1B2.8B
Cash And Short Term Investments1.9B2.6B1.5B2.1B2.9B2.4B
Net Receivables2.4B2.7B3.2B3.0B3.4B2.5B
Good Will2.3B2.3B2.3B2.3B2.4B2.4B
Common Stock Shares Outstanding432.7M428.1M421.1M415.7M412.2M356.4M
Liabilities And Stockholders Equity39.2B48.8B63.1B51.0B54.4B47.2B
Non Current Liabilities Total3.3B5.0B4.7B4.7B4.7B3.7B
Other Current Assets27.2B35.4B50.2B37.1B39.2B35.1B
Other Stockholder Equity(12.7B)(13.9B)(15.5B)(16.4B)(17.3B)(18.2B)
Total Liab33.4B43.1B59.8B47.5B49.8B41.8B
Total Current Assets31.6B40.7B54.8B42.2B45.5B39.9B
Accumulated Other Comprehensive Income(14.8M)10.6M(2.0B)(2.3B)(1.8B)(1.7B)
Short Term Debt1.1B118.2M232.7M202.1M478.7M524.8M
Intangible Assets1.2B1.2B1.3B1.3B1.3B1.0B
Current Deferred Revenue212.5M203.9M188.2M188.6M199.8M169.4M
Capital Surpluse1.0B1.2B1.3B1.5B1.8B1.3B
Treasury Stock(12.2B)(13.1B)(14.1B)(15.4B)(13.8B)(14.5B)
Property Plant Equipment1.2B1.1B1.1B1.1B1.2B1.1B
Other Liab1.9B1.7B1.3B1.4B1.2B1.3B
Net Tangible Assets2.2B2.1B(408.3M)(173.9M)(156.5M)(148.7M)
Deferred Long Term Liab2.4B2.5B2.6B2.8B3.2B2.8B

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